In an effort to require electric utilities to assess the environmental impacts of
their activities, public utilities commissions nationwide have been turning to
the use of environmental externality valuation as a tool ...

Two implications of received theory are (1) mineral net prices rise at the riskless
interest rate, and (2) in-ground value is equal to the current net price. Both propositions are
false. A correct theory has been joined ...

In this thesis I examine the numerical methods used in
option valuation with analysis focusing on the more complex
options associated with investment decisions. Two options
implicit in many projects are identified ...

This paper presents a computationally feasible technique to value
operating flexibilities in making capital budgeting decisions. We investigate
how the value of a project is affected by the simultaneous introduction ...

Two implications of received theory are (1) mineral net prices rise at the riskless
interest rate, and (2) in-ground value is equal to the current net price. Both propositions are
false. A correct theory has been joined ...

Development cost is defined as the ratio of development
expenditures in a given year to reserves added in that year.
Changes in development cost are a good proxy for changes in
finding cost and in user cost, because ...

Patent and antitrust policy are often presumed to be in conflict. As an
important example, there is ongoing controversy about whether price discrimination by a
patent holder is an illegal or socially undesirable ...

Two implications of received theory are (1) mineral net prices rise at the riskless
interest rate, and (2) in-ground value is equal to the current net price. Both propositions are
false. A correct theory has been joined ...

This paper studies a topical issue: Flexible Manufacturing System (FMS)
justification. We contend that current evaluation methods fall short of
capturing a key advantage of an FMS: the value of flexibility. We identify ...